Chevron
North America Crude Oil Marketing - May 2006 Summary East of the Rockies Bulletins 06-E85 to 06-E106, with Monthly Averages

Chevron has changed its posted prices as shown below:

Effective 7:00 a.m. on the date(s) indicated, and subject to change without notice and subject to the terms and conditions of its division orders or other contracts, Chevron will pay the following prices ($/bbl) for oil at 40.0° API and above, except as noted below, delivered into pipelines for its account into the custody of its authorized carrier or receiving agent. The posted prices for crude oil transported by truck or barge will be the following prices less appropriate trucking or barge cost. The posted prices for crude oil received off shore will be the following prices less appropriate transportation and quality costs to get the crude on shore. Regarding technical issues of Chevron's most recent posted prices, call Christine Mathwig 832-854-5159.

* Prices are subject to a Gravity Adjustment Scale
East of the RockiesE85
05/01
E86
05/02
E87
05/03
E88
05/04
E89
05/05
E90
05/08
E91
05/09
E92
05/10
E93
05/11
E94
05/12
E95
05/15
E96
05/16
Gvty
Adj*
Altamont Yellow Wax71.2072.1169.7867.4467.6967.2768.1969.6370.8269.5466.9167.03B
Bonito Sour (Onshore)69.5070.5068.2565.7566.0065.7566.5068.0069.2568.0065.2565.50A
Deepwater Sour (Onshore) (30°)65.5066.5064.0061.7562.0061.5062.5064.0065.0063.7561.2561.25F,G
East Texas70.0071.0068.7566.2566.5066.2567.0068.5069.7568.5065.7566.00none
Eugene Island Sour (Onshore)69.2570.2568.0065.5065.7565.5066.2567.7569.0067.7565.0065.25A
Heavy Louisiana Sweet (Onshore)72.7573.5071.2569.0069.2568.7569.7571.0072.2571.0068.2568.50A
Light Louisiana Sweet (Onshore)73.5074.5072.2569.7570.0069.5070.5072.0073.2572.0069.2569.50A
New Mexico Intermediate70.2571.2569.0066.5066.7566.5067.2568.7570.0068.7566.0066.25none
New Mexico Sour (34°)65.5066.5064.2561.7562.0061.7562.5064.0065.2564.0061.2561.50none
North Texas Sweet70.2571.2569.0066.5066.7566.5067.2568.7570.0068.7566.0066.25none
Oklahoma Sour68.2269.1366.8064.4664.7164.2965.2166.6567.8466.5663.9364.05none
Oklahoma Sweet71.8972.8070.4768.1368.3867.9668.8870.3271.5170.2367.6067.72none
South Texas Light Sweet68.2569.2567.0064.5064.7564.5065.2566.7568.0066.7564.0064.25none
Southwest Wyoming Sweet74.4575.3673.0370.6970.9470.5271.4472.8874.0772.7970.1670.28E
Uinta Basin Black Wax64.7065.6163.2860.9461.1960.7761.6963.1364.3263.0460.4160.53B
West Texas Intermediate70.2571.2569.0066.5066.7566.5067.2568.7570.0068.7566.0066.25none
West Texas Sour (34°)65.5066.5064.2561.7562.0061.7562.5064.0065.2564.0061.2561.50none
Western Colorado68.7069.6167.2864.9465.1964.7765.6967.1368.3267.0464.4164.53B
East of the RockiesE97
05/17
E98
05/18
E99
05/19
E100
05/22
E101
05/23
E102
05/24
E103
05/25
E104
05/26
E105
05/30
E106
05/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax66.1966.9566.0366.7369.2667.3668.8268.8769.5368.79 68.3635
Bonito Sour (Onshore)64.5065.2564.5065.0067.7565.7567.2567.2568.0067.25 66.7581
Deepwater Sour (Onshore) (30°)60.5061.2560.2561.0063.5061.7563.0063.2563.7563.00 62.6452
East Texas65.0065.7565.0065.7568.2566.2567.7567.7568.5067.75 67.2661
Eugene Island Sour (Onshore)64.2565.0064.2564.7567.2565.5067.0067.0067.7567.00 66.5000
Heavy Louisiana Sweet (Onshore)67.7568.5067.5068.2570.7568.7570.2570.2571.0070.25 69.8306
Light Louisiana Sweet (Onshore)68.5069.2568.5069.0071.5069.7571.2571.2572.0071.25 70.7419
New Mexico Intermediate65.2566.0065.2566.0068.5066.5068.0068.0068.7568.00 67.5161
New Mexico Sour (34°)60.5061.2560.5061.2563.7561.7563.2563.2564.0063.25 62.7661
North Texas Sweet65.2566.0065.2566.0068.5066.5068.0068.0068.7568.00 67.5161
Oklahoma Sour63.2163.9763.0563.7566.2864.3865.8465.8966.5565.81 65.3835
Oklahoma Sweet66.8867.6466.7267.4269.9568.0569.5169.5670.2269.48 69.0535
South Texas Light Sweet63.2564.0063.2564.0066.5064.5066.0066.0066.7566.00 65.5161
Southwest Wyoming Sweet69.4470.2069.2869.9872.5170.6172.0772.1272.7872.04 71.6135
Uinta Basin Black Wax59.6960.4559.5360.2362.7660.8662.3262.3763.0362.29 61.8635
West Texas Intermediate65.2566.0065.2566.0068.5066.5068.0068.0068.7568.00 67.5161
West Texas Sour (34°)60.5061.2560.5061.2563.7561.7563.2563.2564.0063.25 62.7661
Western Colorado63.6964.4563.5364.2366.7664.8666.3266.3767.0366.29 65.8635
Note: Prices in $/bbl

Measurement
The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with provisions of API Standard 1101 or from 100% tank tables with corrections of volume and gravity for temperature to 60°F in accordance with ASTM D-1250 and supplements thereto, if any, and with deductions for full sediment, water and other impurities. Only merchantable oil acceptable to the receiving agency designated by Chevron and containing not more than 1% sediment and water will be accepted.

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